As Digital Currency’s Popularity Rises, So Do Privacy Fears
A digital dollar, however, would have an inherent value, just like physical cash. It would be the thing itself, not a representation of something else.
But digital payments have a hard time staying private. When we make payments using bank accounts and credit cards, we make a Faustian bargain: convenience in exchange for the knowledge that our transactions will be visible to the companies involved. Every swipe and transfer leaves a trail.